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Zaporizhstal held an extraordinary meeting of shareholders. The only issue discussed was the borrowing of $18 million from the state-owned Ukrgazbank. The shareholders voted to authorize the CEO of the company Rostislav Shurma to sign a loan agreement with the bank for 5 years with the interest rate of 7%. Zaporizhstal will pledge its assets…
DetailsSome employees of the Kurakhovskaya mine (state enterprise Selidovugol) have announced a hunger strike because of the salary debts. “Their main demand is to clear salary debts for June, September, October, November and December 2018”, Mikhail Volynets, the chairman of the Independent Miners Union of Ukraine, wrote on his Facebook page. So far only 5…
DetailsThis year Ingulets Mining and Processing Works intends to decrease iron ore mining by 1% YoY, to 28.6 million tons. The company also plans to produce 10.829 million tons of iron ore concentrate. In order to maintain the quarry capacities InGOK will increase rock mining by 2.2%, to 0.657 cubic meters per ton. (Ukrainian metal)
DetailsIn 2018 Ukraine produced 21.06 million tons of steel, up by 0.3% YoY. Pig iron output grew by 4%, to 20.531 million tons, while that of rolled metal – by 3%, to 18.446 million tons. In December 2018 Ukraine produced 1.803 million tons of pig iron, 1.845 million tons of steel and 1.603 million tons…
DetailsThe prices of precious metals varied in Azerbaijan on January 3, the Central Bank reported. The price of gold increased by 18.207 manats, to 2,190.2715 manats per ounce on January 3 compared to the price on December 28, 2018. The price of silver grew by 0.5232 manats, to 26.4805 manats per ounce. The price of…
DetailsNLMK-Kaluga has produced 4 million tons of rolled metal. The high quality steel is used to produce some 20 types and sizes of bars and sections, as well as square billets. In early 2018 the company increased its product portfolio by adding channel. The company main customers are construction enterprises. (Ukrainian metal)
DetailsAlmalyk Mining and Processing Works intends to construct a new copper-processing factory. The project to be commissioned in 2022 will be developed by the Scientific-research and design institute TOMS (Russia). The institute will also help modernize two current copper factories. This year AGMK intends to attract over $180 million of investments. (Ukrainian metal)
DetailsLast year Beringpromugol LLC mined 600 thousand tons of coal in Chukotka. Some 400 thousand tons were exported to the APR, Japan, Korea and Vietnam. A special attention is paid to the environment and the support of the locals. In late 2018 the company concluded an agreement with the Association of the indigenous peoples of…
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